Business Groups Support Easing Sanctions on Myanmar
The European Union’s announcement that it will suspend sanctions against Myanmar got support from the U.S. business community, in a joint statement by the U.S. Chamber of Commerce, the National Foreign Trade Council, and the US-ASEAN Business Council. The statement…
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said the "U.S. government can support continued reform by easing and suspending the web of sanctions, particularly on financial services and investment." They said U.S. companies can be "powerful contributors to economic growth, development, and higher living standards" of Myanmar, and "failure by the United States to take similar steps will do more than put American companies at a commercial disadvantage vis-a-vis their competitors; it will harm the reform process itself by undermining those in Myanmar who have supported reform.”